Virgin To Announce India Telecom Foray In Two-Three Months Time

Entities Mentioned

• Nikhil Pahwa
• Tata Teleservices
• Essar
• Richard Branson
• Virgin Group
• TiE

1. Richard Branson has said that he'll be back in India in two to three months time to announce details of the Virgin Group's telecom venture in India. He refused to comment on who the deal is with, though it's an open secret that they've tied up with Tata Teleservices for a (reportedly) 50:50 joint venture. ET adds that the tie-up will be a branding and marketing deal, which will include the distribution of Virgin mobile handsets. Virgin has a mobile retail joint venture with Essar, called The Mobile Store.
   
   
   Branson criticized India for being ... (Read Full Article)
   
   

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